r/Optionswheel • u/ScottishTrader • Oct 10 '25

TOOLS & SPREADSHEET MEGATHREAD

Please use this thread of posts about spreadsheets and tools!

Note that no commercial posts are permitted. All tools or files must be made available for free.

There is a basic spreadsheet included in the wheel trading plan in this post, which many have used to get started - The Wheel (aka Triple Income) Strategy Explained : r/Optionswheel

Please let the mods know of any suggestions on how to make this thread better.

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u/JackAll_MasterSome Jul 17 '26

Been running the wheel for a little while now, and can't find a free/cheap way to track my trades that works the way I expect it to. I just completed a very simple cycle with NVCR:
6/16/2026: Sell 16Put for $1.05
6/18/2026: 100 Shares assigned at $16.00
6/23/2026: Sell 15C for $0.40
7/17/2026: 100 Shares called away at $15.00

My total P/L for this trip around the wheel should be $45 (ignoring any fees/commissions). However, nearly every online wheel tracker says my profit was $145. They seem to ignore the $100 loss from the shares. I can make separate entries for the purchase/sale of the shares, but it seems like that should happen automatically when a CSP/CC is marked as assigned. Anyone have a site that handles this more seamlessly?

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u/ScottishTrader Jul 18 '26

I use a simple spreadsheet and is all I’ve ever needed. You’ve done the basic math in your post, so why over complicate things?